Browsing: Business
Masdar acquires 70% of TERNA ENERGY in a €3.2 billion deal, the largest on the Athens Stock Exchange, boosting Europe’s clean energy leadership.
U.S. businesses are stockpiling Chinese imports as President-elect Trump plans a 60% tariff, fueling inflation fears and supply chain concerns. Economists urge domestic investment.
The EU forecasts modest GDP growth of 0.9% in 2024, with inflation falling sharply and economic stability gradually returning after prolonged stagnation and global economic shocks.
Japan’s GDP grew 0.9% in Q3, supported by consumer spending driven by tax cuts and bonuses. Domestic demand offset external pressures, showcasing the resilience of Japan’s economy.
Airbus strengthens UAE partnership as all its aircraft now include UAE-made parts, underscoring ambitions to establish the UAE as a strategic hub for global aerospace manufacturing and export.
India and Russia are advancing on a $100 billion trade target, with progress in currency settlements, banking, and balanced trade amid sector diversification and longstanding economic ties.
UAE’s diamond sector is projected to exceed $40 billion this year, boosting the nation’s rank as the third-largest global diamond market, per Ministry of Economy’s Juma Al Kait.
Aldar has launched Mamsha Gardens on Saadiyat Island, featuring 493 homes across seven buildings with restaurants, retail, and community theatre. Sales open November 9 for all nationalities.
TECOM Group announced AED293 million net profit in Q1 2024, a 15% year-on-year increase, driven by record occupancy rates across its portfolio, as demand for Dubai’s commercial spaces surged.
Japan imported 72.87 million barrels of oil in September, with UAE and Saudi Arabia accounting for 81.4%, emphasizing GCC nations’ dominance in Japan’s energy needs.